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 or Guarantor in any such proceeding, or Lessee or
 Guarantor shall, by voluntary petition, answer or
 consent, seek relief under the provisions of any now
 existing or future bankruptcy, insolvency, liquidation,
 receivership, administrative receivership,
 administration, suspension of payments or other similar
 law providing for the reorganization or winding-up of
 debtors, or providing for an agreement, composition,
 extension or adjustment with its creditors; or

 (iii) if the Lessee or Guarantor convenes a general meeting of
 its creditors with a view to a general readjustment or
 general rescheduling of its indebtedness (or a
 substantial part thereof); or

 (iv) if the Lessee or Guarantor becomes or is declared
 insolvent (en quiebra) or in suspension of payments
 (suspension de pagos) or any application is made to any
 court for the Lessee or Guarantor to be declared
 insolvent (en quiebra) or in suspension of payments
 (suspension de pagos) or the Lessee or Guarantor is
 deemed for the purposes of any law of The Republic of
 Panama to be unable to pay its debts as they fall due or
 to be insolvent; and in the case of any such event which
 occurs without the consent of the Lessee, a period of 60
 days shall have elapsed without such event being cured,
 dismissed, stayed or eliminated; or